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Demand for Croatian property climbs

Posted by: In: Real Estate 14 Apr 2014 Comments: 0 Tags: ,
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All photos: Edward Weston

Enquiries for Croatian property jumped 30 per cent in the first quarter of 2014 year-on-year, according to Engel & Volkers, a significant rise that the agent says is fuelled by the country’s accession to the EU.

German and Australian buyers are leading the rise interest, Michael Grimm, Managing Partner in Rab and Opatija, writes on the agent’s site.

Engel & Volkers are not the only agents to see an increase in interest. First Property Croatia have also seen demand climb in recent months.

Tim Coulson, director of the agency, tells TheMoveChannel.com they have seen a “considerable increase in interest” thanks to returning confidence in the global economy combined with the media attention Croatia received when it joined the EU.

“Prices have remained stable so we have not see any dramatic price rises from the transition,” he explains. “[Croatia’s EU membership] gave those who were already considering Croatia confidence to proceed.”

Sales have increased since summer 2013, although Coulson predicts that low supply of property for sale on the market will hold back transactions from further rises.

“We are now focused on selling resale and waiting for the developers to start building …read more

Source: The Movechannel

    

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